More than 2,160 properties along Austin’s nine major transportation corridors have been tapped for potential partial purchase by the city in its ongoing effort to renovate and enhance the city’s most traversed roads. The 2,166 properties represent those facing the city’s corridors—Airport, North and South Lamar, and Martin Luther King Jr. boulevards; East Riverside and William Cannon drives; Slaughter Lane; Burnet Road; and Guadalupe Street. Although the city could potentially target each property for a partial purchase, city officials in an Aug. 26 memo said they expect to need pieces of only 168 properties, or roughly 8%. The $23 million comes from voter-approved funding from the 2016’s $720 million mobility bond. In the memo, Alex Gale, interim officer for the city’s real estate office, said “no whole property acquisitions are anticipated to be necessary” and that each purchase would only be a part of the property or an easement. He said the majority would be “sidewalk, trail and recreation easements,” and some would be right of way purchases to widen lanes. Gale said the city would have to negotiate purchases with the landowners and that if the city and the property owner could not make a deal, condemnation could be the next step; however, any property seizure by the government would have to come to City Council on a case-by-case basis. Click to read more at www.communityimpact.com.

RealManage, LLC leased 2,060SF at 613 NW Loop 410 in San Antonio, TX for 3 years. Carl Salvato, with CBRE, represented the tenant and Kacie Skeen represented the landlord, Hartman Income REIT.

NAI Partners recently arranged a 1,575-square-foot retail lease for Phil’s Discount Nutrition at 2000 Mays Street North in Round Rock, Texas. NAI Partners’ Joe DeCola and Max Garner represented the landlord in the transaction. Phil’s Discount Nutrition, a purveyor of high-quality vitamins and supplements, was established in 2002.

Bellomy & Co. announced the sale of Spicewood Super Storage in Spicewood, Texas, 35 miles northwest of Austin. The Class A property comprises 235 units in 89,260 square feet. Bill Bellomy and Michael Johnson of Bellomy & Co. represented Envision2 Properties LLC, the Horseshoe Bay, Texas-based seller. The team also procured the Houston-based buyer, Spicewood Storage LLC.

Tarantino is excited to be chosen to manage and lease The Point North, a new student housing development at The University of Texas in Austin. This boutique 18 unit/77 bed community has an exceptional, unique location at 30th and Duvall, one block from campus near the engineering, law and communications school. Each unit will be fully furnishes with washer and dryer and a private bathroom for each bedroom. Finishes will include quartz countertops, faux wood plank floors and stainless steel appliances. With highly attractive amenities, the property will feature an outdoor courtyard area, a fitness center and two dedicated study lounges to promote academic success. The Point North will have a fitness center with state of the art equipment as well as on-site parking and bike storage. The quality will be the finest in the North campus area. Ready for move-in Summer/Fall 2021. #thepointnorthattexas #tarantinoproperties #studenthousing #universityoftexas #austin